Financing vs. Leasing

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Many Long Island drivers come to us to find their perfect car. We offer various models for you to investigate. Whether you’re looking for a spacious SUV to tackle cross-country road trips or you prefer to enjoy an efficient ride on your Queens commute, we’re happy to help.

Take a look at the different financing and leasing options we have to determine whether financing or leasing is a better fit for your lifestyle. Find out the potential pros and cons of both purchasing opportunities today with South Shore Mitsubishi.

Financing vs. Leasing: Strengths

After you’ve found the right vehicle to help you upgrade your Staten Island travels, you’ll want to speak with our financing and leasing professionals. There are plenty of positives with financing and leasing, but it all comes down to personal preference. To assist you with your decision, take a look at the strengths of both buying options below:

Financing

  • Own your vehicle once the loan balance has been met.
  • Check out trade-in prospects whenever feasible.
  • Add customizations and accessories to your ride however you prefer.
  • Drive as many miles as you’d like with no limitations.

Leasing

  • Often provides a lower monthly payment than financing.
  • Most leased vehicles come with a factory warranty.
  • Enjoy flexible lease-end opportunities.
  • Take home the latest cars every few years.

Financing vs. Leasing: Potential Weaknesses

While there is a wide range of benefits to financing and leasing, there are potential weaknesses you should consider. We suggest you think about which purchasing possibility checks off more of your boxes. If you’re unsure where to begin, you can always ask our team of experts for assistance. In the meantime, learn about some drawbacks that may apply when you’re buying your next car:

Financing

  • Investing in a vehicle loan could result in a higher car payment than leasing.
  • You may have to put some money down for a lower monthly payment.

Leasing

  • Mileage restrictions are usually mentioned in a leasing contract.
  • If you prefer to drive a newer leased vehicle every few years, you will always have a monthly car payment.

Explore the Car-Buying Experience at South Shore Mitsubishi

Are you ready to find out why we’re the go-to destination for car shoppers all over the Freeport area? Explore our buying experience today, and let us know how we can help you with your search. Before stopping by, feel free to discover the finance offers and lease incentives we’re providing.